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NAPERVILLE, Ill. - Comcast Business, a division of Comcast Corporation (NASDAQ:CMCSA), has completed a network extension project to bring high-speed internet and advanced technology solutions to Block 59, a 16.5-acre redevelopment in Naperville, according to a company press release. As a prominent player in the media industry with annual revenue exceeding $124 billion, Comcast continues to demonstrate its commitment to infrastructure expansion.
The extension provides businesses in the new development at Route 59 and Aurora Avenue with access to internet speeds up to 100 Gigabits per second, Advanced Voice, Comcast Business Mobile, and various cloud services.
"Block 59 has already announced many new businesses who have been eager to call Naperville home," said Scott Wehrli, Mayor of Naperville. "Comcast’s investment in this redevelopment will continue to invigorate the city’s Route 59 corridor."
The project is part of Comcast’s broader investment in its network infrastructure, which includes $1.4 billion in Illinois over the past three years and more than $80 billion nationwide during the last decade. According to InvestingPro data, this robust investment strategy is supported by the company’s strong financial health, with an EBITDA of $38.22 billion and a healthy free cash flow yield.
Comcast maintains approximately 65,000 miles of network infrastructure in Illinois and offers gigabit+ internet speeds to residential and business customers across the Chicago area. The company also operates 1.8 million WiFi hotspots in the state.
The Block 59 development features new dining, retail, and entertainment attractions aimed at revitalizing that area of Naperville.
Sean McCarthy, Comcast’s Regional Vice President of Business Development and Strategic Initiatives, stated that the company is "proud to bring our full suite of connectivity and technology solutions to Block 59 businesses."
Comcast Corporation (NASDAQ:CMCSA) provides broadband, wireless, and video services through its various brands including Xfinity and Comcast Business. The company has maintained dividend payments for 18 consecutive years and currently offers a 4% yield. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of this and 1,400+ other US equities.
In other recent news, Comcast Corporation reported its second-quarter 2025 earnings, prompting Rosenblatt to raise its price target for the company from $37 to $38 while maintaining a Neutral rating. This adjustment reflects Rosenblatt’s updated projections, which include slight increases in estimated revenue, EBITDA, and adjusted EPS for 2025. Additionally, Comcast announced a quarterly cash dividend of $0.33 per share, payable on October 22, 2025, to shareholders of record as of October 1, 2025. In a related development, Comcast has named the initial Board of Directors for its planned media spin-off, VERSANT Media Group, Inc., with David Novak as Chairman and Mark Lazarus as CEO. Meanwhile, Bernstein reiterated its Market Perform rating and $37 price target, expressing concerns about potential challenges in Comcast’s broadband business, similar to those faced by Charter Communications. These developments highlight the ongoing strategic and financial adjustments within Comcast as it navigates the current market environment.
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